Published: 2026-07-24T03:03:48.000Z
Chart USD/THB Update: Extending gains, but stretched
1
Break above 33.77 resistance has seen prices extending gains to fresh year high at 33.87
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.32 | * | Mar 2025 high | S1 | 33.50 | * | congestion | |
| R3 | 34.10 | * | Dec 2023 low | S2 | 33.25 | 10 Jul low | ||
| R2 | 34.00 | * | 76.4% 2025/2026 fall | S3 | 33.12 | ** | 3 Jul low | |
| R1 | 33.87 | * | 23 Jul YTD high | S4 | 33.00/05 | ** | congestion, Mar high |
Asterisk denotes strength of level
03:00 GMT - Break above 33.77 resistance has seen prices extending gains to fresh year high at 33.87. Higher will see room for extension to target the 34.00 Fibonacci level where reaction is expected as prices push deep into overbought areas on both daily and weekly studies. Meanwhile, support at the 33.50/48 congestion and June high should underpin. Would take break here to ease the upside pressure and open up room for deeper pullback to strong support at the 33.25/33.12, July lows.